Hornsby will manage credit risk, conduct risk, regulation and compliance, which includes spearheading the lender’s response to Consumer Duty legislation.
He joins the firm from Shawbrook Bank where he worked for almost four years, initially as residential lending risk director before becoming property risk director.
Hornsby also worked at Barclays for nearly 12 years as director of mortgage credit risk, having previously worked at GE Money and GE Capital.
Porter will report to Hornsby, and will be responsible for developing the firm’s current credit framework as well as giving guidance to the underwriting team on risk appetite, along with drafting and implementing lending policies.
She will also develop the company’s risk and credit management framework for residential and buy-to-let products. She will lead a team of MI and credit analysts as well as a credit manager.
Porter also joins from Shawbrook Bank where she worked for nearly 16 years, most recently as head of platform lending and acquisitions risk.
Prior to that she was a mortgage advisor at Lloyds Bank for over two years, and was an underwriting assistant at Frontline Financial Services.
Peter Beaumont, CEO of TML, said the firm was pleased to welcome Hornsby and Porter.
He continued: “They bring with them a wealth of experience when it comes to understanding and crafting a business’s approach to credit and conduct risk structures, as well as compliance and regulation, and we look forward to each of them sharing their expertise as we evolve our credit policies which will support the business with its growth plans.”
Hornsby added: “TML is dynamic, young, and ambitious in its culture, and embodies being a real-life lender through and through. With the current market going through a period of uncertainty, and such a focus overall on affordability, TML seeks to make finance simpler and meet the needs of its customers.
“Being a fast-growing business, I look forward to helping TML in its next phase of development and growth and will be looking to build a best-in-class risk team as a part of that journey.”
Porter continued: “TML is at a pivotal moment in its growth phase and I am looking forward to playing my part in its future development. This creates an opportunity to influence key lending strategies with growth and diversification in mind.
“TML has a solid backbone already in place in terms of its credit policies, people, expertise, and culture, so I am keen to join the team and assist in advancing their position in the market. There is a lot to learn from data and MI, and I am eager to utilise credit analytics to enhance the business’ proposition.”
